Corporate Presentation

Financial year 2017 The presentation herein may contain forward looking statements by the management of Best World International Ltd (BWI) that

pertain to expectations for financial performance of future periods vs past periods. Such forward looking statements involve certain risks and

uncertainties as they relate to future events. Actual results may vary materially from those targeted, expected or projected due to various factors. Such

factors are, among others, general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures as well as changes in

tax regimes and regulatory developments. Such statements are not and should not be construed as management’s representation on the future

performance of BWI. Therefore, the actual performance of BWI may differ significantly from expressions provided herein. The reader is cautioned to not

unduly rely on these forward-looking statements. Neither the Group nor its advisers and representatives shall have any liability whatsoever for any loss

arising, whether directly or indirectly, from any use or distribution of this presentation or its contents. This presentation is for information only and does

not constitute an invitation or offer to acquire, purchase or subscribe for shares in BWI.

Welcome to Best WorldCorporate Presentation

FY2017 Financial Highlights

Peer ComparisonFY2017 Financial Highlights Investment Merits Q&A

12.8 13.5

35.244.718.3 21

51.6

55.3

19.226.2

52.246.8

25.0

40.9

61.874.1

0

75

150

225

300

FY2014 FY2015 FY2016 FY2017

Q4 Q3

Q2 Q1

3

Financial Highlights - Revenue2017 Financial Highlights

75.3

101.6

200.8

220.9

2.7%Manufacturing & Wholesale Revenue

• Maintained at S$4.5 million compared to FY2016

4

Financial Highlights - Segmental Breakdown2017 Financial Highlights

FY2017 by Segment

Export 48.2%

Direct Selling 49.7%

Manufacturing & Wholesale

2.1%22.8%Direct Selling Revenue

• Primarily due to a decline in revenue from the Group’s key market of Taiwan• Offsetting the improvement from Singapore and Other markets

97.9%Export Revenue

• Growing consumers’ demand for DR’s Secret skincare range in China• Higher orders in 4Q2017 in anticipation of the long Chinese New Year in February

90.9%China

• Due to growing market demand for DR’s Secret in the existing cities, which are represented by DR’s Secret Experience Centres

• Demand expected to grow healthily for the rest of FY2018

28.5%Taiwan

• Due to stiffer market competition and online discounting but management has taken measures to tackle the issue

• To remain second largest market and most profitable subsidiary

5

Financial Highlights - Geographical Breakdown2017 Financial Highlights

FY2017

China 50.0%

Taiwan39.8%

Indonesia2.4%

Others4.3%

Singapore3.5%

2.3%Indonesia

• In local currency, revenue was stable at IDR 51.8b for FY2017 compared to IDR 52.4b for FY2016

• Decline was due to the negative exchange rate movement between IDR and SGD

8.9%Singapore

• Due to positive response from marketing campaigns conducted during earlier quarters of FY2017

6

Financial Highlights - Geographical Breakdown2017 Financial Highlights

26.9%Others

• Primarily due to the increase in revenue from Hong Kong, Vietnam, Korea and Malaysia offsetting decline from Philippines and Thailand

FY2017

China 50.0%

Taiwan39.8%

Indonesia2.4%

Others4.3%

Singapore3.5%

7

Membership Growth VS Average Revenue per Member 2017 Financial Highlights

2017

490,041 members

Revenue per memberRevenue

As at 31 December 2017, total membership for the Group’s Direct Selling business stands at 490,041Active distributors, which refers to members who have received commission over the last 12 months, is approximately 8.7% Revenue from Direct Selling + Sales in China at Direct Selling Price

298,251

377,830402,422

439,765

490,041

162216

318

639703

$0

$200

$400

$600

$800

$1,000

$1,200

0

100,000

200,000

300,000

400,000

500,000

600,000

FY2013 FY2014 FY2015 FY2016 FY2017

Financial Highlights - Margins2017 Financial Highlights

0

60

120

180

240

FY2013 FY2014 FY2015 FY2016 FY2017

77% 74% 76% 73% 69%

4% 5% 10%17%

25%

Revenue S$million GPM % NPM %

Stable financial margins & highly scalable business model

Declining GPM but improving NPM due to:

- Growing export segment (lower GP and no distribution expenses)

- Better operating leverage (stable distribution and administrative expenses)

8

200.8220.9

101.7

75.3

41.1

Financial Highlights - Dividends2017 Financial Highlights

6141,762

4,404

12,661

22,553

0

7,500

15,000

22,500

30,000

FY2013 FY2014 FY2015 FY2016 FY2017

43% 43% 44% 34% 41%

Total Dividends Paid (S$’000) Dividends payout %

Dividends Policy• Revises dividend policy to

distribute annual dividends of not less than 40% of net profit (from 30%)

• Strong commitment to enhance shareholder return

• Since 2004, paid out S$71.3M (2004 to 2017 including proposed final dividends)

9

Financial Highlights - Cash Holding2017 Financial Highlights

Net cash position with negligible borrowings

• Management is currently undergoing a strategic review of its balance sheet to enhance shareholder value through:

- M&A opportunities

- Dividend and share buyback programme

10

(S$million) FY2013 FY2014 FY 2015 FY2016 FY2017

Cash and Equivalents

33.3 41.0 47.2 54.9 82.2

Total Borrowings

3.5 6.0 0.018 7.4 7.4

Net Cash 29.8 35.0 47.1 47.5 74.8

Gearing Ratio

0.07 0.11 0.00 0.08 0.06

* Calculations based on formula Net Debt/Total Equity

High growth company with PEG ratio of 0.6

• Information source: Maybank Kim Eng 9 November Report on Best World International, “China Continues to Deliver” & Company Estimates• Share prices updated to that of 26 February 2018

0.6

3.2

1.3

2.4

4.7

1.2

3.9

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

BEST WORLD INTL HERBALIFE LTD TUPPERWARE BRAND NU SKIN ENTERP-A USANA HEALTH SCI GRAPE KING BIO AMWAY MALAYSIA

PEG Ratio Across PeersPeer Comparison

11

-8%

2%

7%

1%-2% -3%

10%

36%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

35%

40%

Avon Herbalife Natura (R$) Nu Skin Oriflame € Tupperware USANA Best World

5-YR Revenue CAGR Across Peers Peer Comparison

Strong revenue growth momentum

12Source: www.worldofdirectselling.com

61.6%

80.8%

70.3%

78.1%

72.7%

67.4%

82.7%

69.1%

58.2%

66.8%

59.2%

67.2%

62.2%58.9%

70.3%

38.6%

-1.7%

8.3% 6.8% 6.9% 5.8%3.7%

8.8%

25.2%

-10%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

Avon Herbalife Natura NuSkin Oriflame Tupperware USANA Best World

Gross Profit Operating Expenses Net Income

Margins and Expenses Performance Across PeersPeer Comparison

Superior cost management and margins control13

Source: www.worldofdirectselling.com

Best World’s Investment Thesis2017 Financial Highlights

2017-2020: The Best is Yet to Be

• Organic growth: - Build on China’s growth momentum- Expects Taiwan to maintain stable contribution

for the Group- Deepen penetration into Indonesia market with

Halal certified skincare products

• Pursue M&A opportunities supported by strong balance sheet and cash flow

• Experienced management and replicated in new and other existing markets

• Strives to achieve good corporate governance with a focus on enhancing shareholder value

14

Q&AThank you

Corporate Presentation